TORONTO--(BUSINESS WIRE)--Acasta Enterprises Inc. (TSX:AEF) (“Acasta” or the “Company”) is
pleased to announce that a subsidiary of Stellwagen Group Limited (“Stellwagen”)
has entered into a revolving credit and security agreement (the “Credit
Agreement”) with Morgan Stanley Asset Funding Inc. (“Morgan
Stanley”) in the principal amount of up to U.S.$250 million. The
Credit Agreement is secured by the portfolio of loans originally made by
Stelloan Investment Company I DAC (“Stelloan”) to various
aircraft lessors (the “Stelloan Portfolio”). To date, Stellwagen
has drawdown approximately U.S.$110 million under the Credit Agreement
based upon the initial collateral base provided by the Stelloan
Portfolio.

The proceeds from the Credit Agreement will be used to support
Stellwagen’s ongoing initiatives, including the financing of growth
opportunities, expanding the Stelloan Portfolio and repaying certain
existing indebtedness of Stelloan.

“The Credit Agreement provides Stellwagen with additional capital to
support its existing core business platforms and execute its growth
strategy,” commented Anthony Melman, Chief Executive Officer of Acasta.
“We are pleased to partner with Morgan Stanley and appreciate their
confidence in Stellwagen’s business.”

Acasta Enterprises Inc. is a Canadian public company that acquires
businesses with exceptional potential for value creation through
strategic and transformational initiatives. As a proactive private
equity manager, Acasta partners with the senior management teams of its
acquired businesses, empowering them to pursue value creating
trajectories.

Advisories:

Cautionary Note Concerning Forward Looking Statements

This news release may include forward looking statements. All such
statements constitute forward looking information within the meaning of
applicable securities law and are made pursuant to the “safe harbour”
provisions of applicable securities laws. Forward looking statements may
include, but are not limited to, statements about anticipated future
events or results, including comments with respect to Company’s future
business operations, financial performance and condition. Forward
looking statements are statements that are predictive in nature, depend
upon or refer to future events or conditions and are identified by words
such as “will”, “expects”, “anticipates”, “intends”, “plans”,
“believes”, “estimates” or similar expressions concerning matters that
are not historical facts. Such statements are based on current
expectations of the Company’s management and inherently involve numerous
risks and uncertainties, known and unknown, including economic factors.
The forward looking information contained in this news release is
presented for the purpose of assisting readers in understanding the
Company’s business and strategic priorities and objectives as at the
periods indicated and may not be appropriate for other purposes.

A number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward looking statements
contained in this news release, including, among other factors, those
referenced in the section entitled “Risk Factors” in the Company’s
annual information form for the year ended December 31, 2016, a copy of
which is available on the SEDAR website at www.sedar.com
under the Company’s profile.

Forward looking statements contained in this news release are not
guarantees of future performance and, while forward looking statements
are based on certain assumptions that the Company considers reasonable,
actual events could differ materially from those expressed or implied by
forward looking statements made by the Company. Readers are cautioned to
consider these and other factors carefully when making decisions with
respect to the Company and to not place undue reliance on forward
looking statements. Circumstances affecting the Company may change
rapidly. Except as may be expressly required by applicable law, Acasta
does not undertake any obligation to update publicly or revise any such
forward looking statements, whether as a result of new information,
future events or otherwise. These cautionary statements expressly
qualify all forward looking statements in this new release.

Currency

All financial information is presented in Canadian dollars, except as
otherwise indicated.